HWH International Moves to Acquire Hapi Metaverse Stake

HWH International ( (HWH) ) has issued an announcement.

On February 5, 2026, HWH International Inc. signed a binding term sheet and stock purchase agreement with its corporate parent Alset Inc. to acquire 505,341,376 shares of Hapi Metaverse Inc., representing 99.55% of the Delaware company’s outstanding capital, for $19.91 million to be paid via a five-year, 1% simple-interest convertible promissory note. The note, which can be converted by Alset into newly issued HWH common shares at $1.85 per share and will automatically convert at maturity, effectively positions HWH to take near-total control of Hapi Metaverse while also setting up potential future equity dilution; the related-party deal, already approved by HWH’s majority stockholder and vetted by a fairness opinion, was cleared by the board and audit committee with key executives recusing themselves, highlighting governance considerations for minority shareholders.

More about HWH International

HWH International Inc. operates as a public company under the majority ownership of Alset Inc., with its capital structure and strategic direction closely influenced by related-party transactions and board oversight mechanisms common in affiliated corporate groups.

Average Trading Volume: 257,451

Technical Sentiment Signal: Sell

Current Market Cap: $10.3M

Learn more about HWH stock on TipRanks’ Stock Analysis page.